Common use of No Employee Ownership Clause in Contracts

No Employee Ownership. No current or former officer, director, employee, consultant or independent contractor of Seller or any of its Subsidiaries has any right, title or interest in, to or under any Program Technology developed by such person in the course of providing services to Seller that has not been either (A) irrevocably assigned or transferred to Seller or any of its Subsidiaries or (B) licensed (with the right to grant sublicenses) to Seller or any of its Subsidiaries under an exclusive, irrevocable, worldwide, royalty-free, fully-paid and assignable license.

Appears in 2 contracts

Samples: License, Development and Commercialization Agreement (MEI Pharma, Inc.), License, Development and Commercialization Agreement (MEI Pharma, Inc.)

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No Employee Ownership. No current or former officer, director, employee, consultant or independent contractor of the Seller or any of its Subsidiaries has any right, title or interest in, to or under any Program Technology developed by such person in the course of providing services to the Seller that has not been either (A) irrevocably assigned or transferred to Seller or any of its Subsidiaries or (B) licensed (with the right to grant sublicenses) to Seller or any of its Subsidiaries under an exclusive, irrevocable, worldwide, royalty-free, fully-paid and assignable license.

Appears in 2 contracts

Samples: Asset Purchase Agreement (K2 Therapeutics, Inc.), Asset Purchase Agreement (Coronado Biosciences Inc)

No Employee Ownership. No current or former officer, director, employee, consultant or independent contractor of the Seller or any of its Subsidiaries has any right, title or interest in, to or under any Information, Intellectual Property Rights, or Intellectual Property used, held for use, or related to the Program Technology developed by such person in or the course of providing services to Seller Program Therapy that has not been either (A) irrevocably assigned or transferred to Seller or any of its Subsidiaries or (B) licensed (with the right to grant sublicenses) to Seller or any of its Subsidiaries under an exclusive, irrevocable, worldwide, royalty-free, fully-paid and assignable license.

Appears in 1 contract

Samples: Asset Purchase Agreement (Organovo Holdings, Inc.)

No Employee Ownership. No current or former officer, manager, director, shareholder, member, employee, consultant or independent contractor of the Seller or any of its Subsidiaries has any right, title or interest in, to or under any Program Technology developed by such person in Proprietary Rights related to the course Seller Products of providing services to the Business of the Seller that has have not been either (Aa) irrevocably assigned or transferred to Seller or any of its Subsidiaries or (Bb) licensed (with the right to grant sublicenses) to Seller or any of its Subsidiaries under an exclusive, irrevocable, worldwide, royalty-royalty free, fully-fully paid and assignable license.

Appears in 1 contract

Samples: Asset Purchase Agreement (Spindle, Inc.)

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No Employee Ownership. No current or former officer, director, employee, consultant or independent contractor employee of Seller or any of its Subsidiaries Affiliates or, to Seller’s Knowledge, any consultant of Seller or any of its Affiliates, has any right, title or interest in, to or under any Program Technology Transferred Intellectual Property developed by such person in the course of providing services to Seller or any of its Affiliates that has not been either (A) irrevocably assigned assigned, transferred or transferred licensed to Seller or any of its Subsidiaries or (B) licensed (with the right to grant sublicenses) to Seller or any of its Subsidiaries under an exclusive, irrevocable, worldwide, royalty-free, fully-paid and assignable licenseAffiliates.

Appears in 1 contract

Samples: Asset Purchase Agreement (Acelrx Pharmaceuticals Inc)

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